Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$262,599$262,599$292,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$29,901$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.510%7.640%
1st payment$1,774.26$1,774.26$2,025.21
2nd payment$0.00$224.25$0.00
Taxes / mo$311.92$311.92$311.92
Insurance / mo$150.00$150.00$150.00
MI / mo$124.87$124.87$58.50
HOA / mo$135.00$135.00$135.00
Total monthly$2,496.04$2,720.30$2,680.63
Cash to close$62,401$32,500$32,500